DA Davidson & Co. Acts as Exclusive Financial Advisor to Protecht Group on its Significant Growth Investment from Arrowroot Capital | News

PORTLAND, Ore.–(BUSINESS WIRE)–February 14, 2022–

DA Davidson & Co. today announced that it has served as exclusive financial advisor to Protecht, securing a significant growth capital investment from Arrowroot Capital, a leading investor in B2B software solutions.

Protecht has redefined the way the world thinks about risk management with the most comprehensive, advanced and cost-effective SaaS solution in the governance, risk and compliance (GRC) market. Headquartered in Sydney, Australia and founded in 1998, the company provides world-class service to over 300 customers in APAC, EMEA and North America.

With ever-increasing regulatory and compliance concerns, Protecht helps companies increase performance and achieve strategic goals through better understanding, monitoring and managing risk. It provides the complete risk solution, including world-class enterprise risk management (Protecht.ERM), compliance, training and advisory services to major government organizations, major regulators and businesses of all sizes at worldwide.

“Protecht is both grateful to the customers who have supported us over the past 20 years and to all of our staff who have helped make this a reality. We are thrilled to announce this next step in our company’s journey,” said David Bergmark, co-founder and CEO of Protecht. “The DA Davidson team has been instrumental in advising us throughout this process. By identifying the partnership with Arrowroot Capital, we have found a team with a common understanding of the importance of risk management while providing complementary skills to support our growth into new markets and verticals.

The Series A investment will enable Protecht to execute on its key growth initiatives – accelerating the delivery of exciting new features in its products, maintaining and developing a high level of service to its customers, and acquiring additional resources to support expansion global business continues.

“At Protecht, we are incredibly passionate about risk management and sincerely believe that good risk management enables organizations to meet and exceed their strategic objectives more consistently,” said David Tattam, co-founder and director of research and content at Protecht. “Our mission has always been and remains to change the way the world views risk and to deploy innovative risk management technology to support excellence in risk management. This funding and this new partnership will allow us to pursue this mission with greater vigor.

“Protecht has become a global leader in enterprise risk and compliance management software and is well positioned to help its customers navigate an increasingly complex risk and regulatory environment,” said Matt Klein, Director at Arrowroot Capital. “Arrowroot considers itself fortunate to have the opportunity to partner with the Protecht team and we look forward to supporting the company’s continued growth and international expansion.”

“David Bergmark, David Tattam and their team have accomplished so much over the years, developing an impressive solution that has helped hundreds of customers move away from spreadsheets and emails to a more efficient and effective way to manage risk,” said Greg Thomas, managing director in DA Davidson’s Technology Investment Banking group. “Securing a growth capital partner with the expertise of Arrowroot Capital will be essential for the company’s next stage of growth.”

The transaction represents another successful closing by DA Davidson’s technology investment banking group. DA Davidson’s investment banking division is a leading full-service investment bank offering comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four verticals: consumer, diversified industries, financial institutions and technology.

Together with its European strategic partner, MCF Corporate Finance, DA Davidson initiates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.

About DA Davidson Companies

DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 28 states.

Subsidiaries include: DA Davidson & Co., a full-service investment firm providing wealth management, investment banking, capital markets and fixed income services, and advice; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolios and advisory services.

For more information, visit dadavidson.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220214005893/en/

CONTACT: Emilie Roy

Prosek for DA Davidson

(646) 818-9232

[email protected]



SOURCE: DA Davidson & Co.

Copyright BusinessWire 2022.

PUBLISHED: 02/14/2022 17:58 / DISK: 02/14/2022 17:58


Copyright BusinessWire 2022.

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